Mercedes-Benz is cutting jobs in China to achieve its goal of reducing by a quarter workforce costs in its biggest market by 2027, a person with direct knowledge of the matter said. The German ...

Mercedes-Benz and its subsidiaries plan to cut up to 15% of their workforce in China, Bloomberg News reported on Thursday, citing people familiar with the matter. The job cuts will primarily ...

Mercedes’ decision shows the struggles facing foreign carmakers in China. Major legacy brands have swiftly lost ground to a wave of agile domestic marques, led by BYD Co., that have won over ...

Mercedes-Benz Group China said in a statement to Bloomberg News that it’s worked with employees to adjust operations based on the competitive environment and market demands. Mercedes’ decision ...

Mercedes-Benz Group AG and its subsidiaries are planning to cut up to 15% of the automaker’s workforce in China, mainly within its financing and sales units, as the German manufacturer faces ...

STORY: Sources say Mercedes-Benz is cutting jobs in China to achieve its goal of reducing by a quarter, workforce costs in its biggest market by 2027. The German luxury carmaker announced further ...

(Reuters) - Mercedes-Benz is cutting 10-15% of sales and finance jobs in China and plans to reduce costs for office-based roles by a quarter in the country by 2027, a person with direct knowledge of ...

(Reuters) - Mercedes-Benz is cutting 10-15% of sales and finance jobs in China and plans to reduce costs for office-based roles by a quarter in the country by 2027, a person with direct knowledge ...

According to a recent Reuters report from an anonymous source, Mercedes-Benz China aims to cut its workforce costs by 25% and eliminate 10-15% of sales and finance jobs by 2027. On the flip side ...

Mercedes-Benz rolls out cost-cutting programs in China. Credit: Mercedes-Benz Mercedes-Benz has begun laying off staff mainly from its sales and financing units in China, becoming the latest foreign ...